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Income Tax - Highlights / Catch Notes

Home Highlights March 2018 Year 2018 This

Exemption u/s 11 - Rejection of Application to grant ...


Trust Registration Granted u/s 12AA After Addressing CIT's Money Laundering Concerns; Donor Accountability Ensured.

March 28, 2018

Case Laws     Income Tax     AT

Exemption u/s 11 - Rejection of Application to grant registration of Trust u/s 12AA - So far as question of apprehensions raised by ld. CIT that under the garb of charitable activities, the Trustee are indulging into money laundering is concerned, this question can be taken care of by the appropriate forum as the person who is donating huge cash must be an incometax assessee, if not he or she can be brought to tax by the tax authorities - registration granted. - AT

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